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Mar 19, 2013
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on the jobs deficit to help deal with the budget deficit. now, we also reduce the deficit in a steady, sustained way. we do it with balance. we do it with targeted cuts, but we also do it, mr. chairman, by eliminating some of the tax breaks and tax expenditures for very high-income individuals. we heard from governor romney and we heard from the chairman of the budget committee last fall and this year that there are trillions of dollars of tax expenditures that disproportionately benefit very wealthy people. so the republican plan, they said we'll get rid of your tax expenditures for high-income people, but we'll bring down your top rate. so in the end the folks at the top get a very big windfall. we say let's eliminate some of those tax breaks for very wealthy people in order to help reduce our deficit, so when you combine that savings with targeted cuts, you can reduce it in a balanced way rather than increasing the tax burden on the middle class which is what their budget will do. we also want to make sure we keep our commitments to our s
on the jobs deficit to help deal with the budget deficit. now, we also reduce the deficit in a steady, sustained way. we do it with balance. we do it with targeted cuts, but we also do it, mr. chairman, by eliminating some of the tax breaks and tax expenditures for very high-income individuals. we heard from governor romney and we heard from the chairman of the budget committee last fall and this year that there are trillions of dollars of tax expenditures that disproportionately benefit very...
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Mar 19, 2013
03/13
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i do know $16.7 trillion debt, growing at the rate of the deficit every year, is a big problem. >> so they see, they say -- i want to stress it is a big problem, but not an immediate crisis, di does that take the urgency off of addressing it? >> no, it does not, what business, what investment and capital is looking for is they are looking for tre deccability -- predictabilitiy and stannability, which they see the movement going on in the debt itself, that offers neither. >> when you and the governors met with the president, a weeks ago, and you talk, i think you were knee deep in the whole sequestration debate. and president's warning that disaster is coming. >> that was the story. neil: and i thought to myself, governor, i mean, holy cow. however onurus the cuts would be, they are in a 3.6 -- budget, if whining about these cuts what are we doing when we have to put pedal to metal. >> i don't know, i can tell you that the governors said for the most part, we can handle this we've been balancing our budgets since '08 when the downturn came. neil: did any of you say, quit scaring people
i do know $16.7 trillion debt, growing at the rate of the deficit every year, is a big problem. >> so they see, they say -- i want to stress it is a big problem, but not an immediate crisis, di does that take the urgency off of addressing it? >> no, it does not, what business, what investment and capital is looking for is they are looking for tre deccability -- predictabilitiy and stannability, which they see the movement going on in the debt itself, that offers neither. >>...
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Mar 22, 2013
03/13
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-- there was no deficit. we had a surplus. this idea that we hear from the other side that every time you raise taxes, you hurt the economy just defies history. all we are to do is looking at recent history. and especially now at a time when there's such disparity in income, growing disparity in income in our country, and what we're trying to do here is promote growth. and you promote growth by investing in the things that create growth. and we know what they are. we know what they are. they're education. we're going to cut pell grants? my wife when she was 18 months old, her father died. in a car accident. a world war ii vet, decorated world war ii vet. leaving her mom widowed at age 29 with five kids. four girls and a boy. the boy, my brother-in-law neil, went into the coast guard , and he did 20 years in the coast guard, he still works for the coast guard. electrical engineer in the coast guard. he's my -- the second most important man in my son's life. my son was able to get a master's degree in engineeri
-- there was no deficit. we had a surplus. this idea that we hear from the other side that every time you raise taxes, you hurt the economy just defies history. all we are to do is looking at recent history. and especially now at a time when there's such disparity in income, growing disparity in income in our country, and what we're trying to do here is promote growth. and you promote growth by investing in the things that create growth. and we know what they are. we know what they are. they're...
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Mar 19, 2013
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speaker, our real deficit is unemployment. let's eliminate this true deficit by bringing the president's american jobs act to the floor for a vote. it deserves a vote. mr. speaker, our mantra should be jobs, jobs, jobs. the speaker pro tempore: for what purpose does the gentleman from indiana seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman from indiana is recognized for one minute. >> mr. speaker, i rise today to honor an exceptional hoosier, dedicated public servant and a good friend of mine, martin. a man with a strong desire to help others and a man who has been a tremendous asset to the eighth district of indiana. martin has dedicated over 40 years of service to indiana, the eighth district, and to the republican party. he's currently serving his fourth term in elected office as county treasurer. he worked with many civic organizations and within the republican party, committee chairman and member of the eighth district central comm
speaker, our real deficit is unemployment. let's eliminate this true deficit by bringing the president's american jobs act to the floor for a vote. it deserves a vote. mr. speaker, our mantra should be jobs, jobs, jobs. the speaker pro tempore: for what purpose does the gentleman from indiana seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman from indiana is recognized for one minute. >> mr....
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economy that can create productive jobs that is dependent on the fed printing i'm borrowing on trade deficits but we can't do this forever and the longer we do it the bigger disaster when it ends but here a side of the last forty six forty six the last fifty years excuse me on our country has been in this kind of budget deficit and we haven't gotten caught in a death spiral so why now what is really getting at this problem. well not yet but it's the enormity of the problem it starts off as a small problem it's like you know you can you can get cancer but you don't die right away you have to wait until the disease grows to the point that it kills you and you know our debt was a cancer but it's taken a long time for the disease to progress and i guess it's not fatal at this very second but you know we're really close to it if you look at the size of the debt you know the government is forecasting that interest payments on the national debt in two thousand and thirteen are going to be two hundred twenty eight billion the last time we had an interest rate buildout low ronald reagan was the presid
economy that can create productive jobs that is dependent on the fed printing i'm borrowing on trade deficits but we can't do this forever and the longer we do it the bigger disaster when it ends but here a side of the last forty six forty six the last fifty years excuse me on our country has been in this kind of budget deficit and we haven't gotten caught in a death spiral so why now what is really getting at this problem. well not yet but it's the enormity of the problem it starts off as a...
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Mar 21, 2013
03/13
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so they -- where is the deficit? they claim that they reduce the deficit by $1.85 billion -- $is.8$1.85 trillion. well, let's look at that number. what about the sequester i've been talking about? they eliminated the sequester. spending goes up $1.223 trillion. was this scored in their number? no. they are telling us we've got a $1.85 trillion, we got to take off $1.2 trillion because they didn't score. take that off. oh, we've looked at that time more careful carefully. it took us a while to read this. but we've got a good staff and they dug it out. they found out there was no pay-for for the doctors. for the last number of years we have found that the payment schedule for doctors is totally inaccurate you based on a law passed in the 1990's that's cut their payment to a degree that if we cut them another 2 20-some-odd percent, they'd quit taking patients. so we put the money in every year because we have to put the money in. else they won't treat our patients. they can't afford to. and everybody, republicans and de
so they -- where is the deficit? they claim that they reduce the deficit by $1.85 billion -- $is.8$1.85 trillion. well, let's look at that number. what about the sequester i've been talking about? they eliminated the sequester. spending goes up $1.223 trillion. was this scored in their number? no. they are telling us we've got a $1.85 trillion, we got to take off $1.2 trillion because they didn't score. take that off. oh, we've looked at that time more careful carefully. it took us a while to...
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Mar 25, 2013
03/13
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deficits have nothing to do, because the federal government reduced its deficit. that doesn't mean wal matt is going to go out and hire a bunch of people. they're not connected and we're having this conversation over and over. >> that's the problem with our side. >> i want to get josh in here. >> the usual circumstance in which government borrowing is crowding out private investment and holding back growth is that interest rates rise because governments trying to borrow money at the same time that companies are trying to raise capital, it makes capital more expensive and it makes difficult for people to invest. we're not seeing it right now. interest rates are extremely low, not just in the short-term, but also in the long run. we have extremely low, 30-year interest rates what that reflects is there's not a lot of demand for capital in the private sector. the government could be boosting the economy by borrowing and spending the money itself. and in the future, if, if we see interest rates starting to rides, that will be in part an indication of expectations of i
deficits have nothing to do, because the federal government reduced its deficit. that doesn't mean wal matt is going to go out and hire a bunch of people. they're not connected and we're having this conversation over and over. >> that's the problem with our side. >> i want to get josh in here. >> the usual circumstance in which government borrowing is crowding out private investment and holding back growth is that interest rates rise because governments trying to borrow money...
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Mar 19, 2013
03/13
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the immoral idea that we are going to put more on our plate now, add up deficit after deficit and create a bigger and bigger debt and then make people who don't even exist yet pay for it. why is that political? because, you know what, mr. chair? the people in the here and now can vote. generations in the future, our grandkids who don't exist can't vote. and that's what makes the other approaches we have heard about immoral, wrong political. we balance. we balance within 10 years. let's contrast that a bit. our responsible approach to what the senate democrats have done, for example. next year alone the senate democrat budget increases spending by $162 billion above what we are spending today. over 10 years, increases the delebt by $7.3 trillion from today's levels despite a massive tax hike that they have. and it adds $1.5 trillion in new taxes. even after that, they still add to the debt, our kids' debt by $7.3 trillion. and again, mr. chair, it never balances. after four years and $6 trillion in debt since a budget was last even passed, the senate democrats' proposal leaves more debt a
the immoral idea that we are going to put more on our plate now, add up deficit after deficit and create a bigger and bigger debt and then make people who don't even exist yet pay for it. why is that political? because, you know what, mr. chair? the people in the here and now can vote. generations in the future, our grandkids who don't exist can't vote. and that's what makes the other approaches we have heard about immoral, wrong political. we balance. we balance within 10 years. let's contrast...
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Mar 20, 2013
03/13
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the deficit according to their budget in the year 2023, will be $5 6 billion. in contrast the budget that we will be offering will be surplus, surplus in 2023. will finally allow us to start paying down the debt. there are no reforms. no significant reforms at all. in medicare, medicaid, social security. how you can have a vision for this country going forward and not at least discuss possible, reasonable reforms to those programs is beyond even somehow it passed out of the senate committee. defense is cut by an additional quarter of a trillion dollars. a cut by an additional quarter of a trillion dollars over the sequester cuts we already had and over the reductions the defense department voluntarily took upon itself during the last budget process. i come before this body before, mr. chairman, and encouraged this body in a bipartisan fashion to look to the defense department as possible ways to save money. under the belief there must be some money in the defense department that can be saved in a responsible fashion. what the senate has done goes so far beyond
the deficit according to their budget in the year 2023, will be $5 6 billion. in contrast the budget that we will be offering will be surplus, surplus in 2023. will finally allow us to start paying down the debt. there are no reforms. no significant reforms at all. in medicare, medicaid, social security. how you can have a vision for this country going forward and not at least discuss possible, reasonable reforms to those programs is beyond even somehow it passed out of the senate committee....
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Mar 18, 2013
03/13
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deficit reduction i would put as the second priority and one that is coupled with economic growth the so i think we can do both. make sure we have deficit reduction but don't cut too much too fast. >> reporter: bottom line, bill, american people are seeing this over and over again. republicans and democrats fighting on both sides of the aisle and perhaps, they can come together for a grand bargain but just doesn't appear to be the case right now. as they grapple with the budget, keep in mind that two weeks away they have to come up with a continuing resolution by march 27. bill: as ryan says, at least there is baseline for comparison between the two sides. we'll get into that in just a moment here. thank you, kelly wright on the north lawn. martha. martha: the senate then is expected to pick up the debate over the budget proposal from senator patty murray this week. that is due on april the 1st. for a little bit of background and context here, it has been four years, 1419 days to be exact since the last time that the senate passed a budget resolution. that is not a budget. just sort o
deficit reduction i would put as the second priority and one that is coupled with economic growth the so i think we can do both. make sure we have deficit reduction but don't cut too much too fast. >> reporter: bottom line, bill, american people are seeing this over and over again. republicans and democrats fighting on both sides of the aisle and perhaps, they can come together for a grand bargain but just doesn't appear to be the case right now. as they grapple with the budget, keep in...
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Mar 26, 2013
03/13
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palestinians let's cut that too but not cut that instead of cutting something else we have a trillion dollar deficit. neil: you know, every time the president or something else goes on a foreign trip, i immediately hang to my wallet. they open the wallet left and right to the foreign governments, i'm thinking, that is not good. >> last week, we signed a contract state department, giving usaid 25 million to crime frightennishtivefight inivetives in el salvador. foreign trade is a much better way to get there. but this shows that spending that steve is talking about happens every day, no one cares, very few people write about itic semp cranks like us, and maybe you should step back, take a breath and cut something. neil: the foreign aid budget, is you know, if you count it about 20 billion a year. that is a lot of money to be giving away from american taxpayers to give to foreign country, and show me any example where foreign aid has worked to make a country richer. i said, it gives money from poor people, and rich people, and gives to to rich people in poor countries that is what foreign aid is. neil
palestinians let's cut that too but not cut that instead of cutting something else we have a trillion dollar deficit. neil: you know, every time the president or something else goes on a foreign trip, i immediately hang to my wallet. they open the wallet left and right to the foreign governments, i'm thinking, that is not good. >> last week, we signed a contract state department, giving usaid 25 million to crime frightennishtivefight inivetives in el salvador. foreign trade is a much...
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Mar 19, 2013
03/13
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can't we do just 7% for deficit reduction? i thought the deficit was so important. but maybe not when it comes to our friends protecting the interests of the big corporations and the rich. i thank the presiding officer, and i yield the floor. a senator: i suggest the absence of a quorum. the presiding officer: oh, now the clerk will call the roll. quorum call: quorum call: the presiding officer: mr. leader. mr. reid: i would ask unanimous consent that the quorum call be terminated. the presiding officer: without objection. mr. reid: i now ask unanimous consent that at 11:15 a.m. tomorrow, wednesday, march 20, all postcloture tile be expired, the durbin secondary amendment to toomey amendment be withdrawn with no other second-degree amendments the senate will come to order, the senate proceed to vote if relation to the toomey amendment 115, that upon disposition of the toomey amendment, the senate then proceed to vote on the mikulski-shelby substitute amendment, as amended; that upon disposition of the substitute amendment, the senate proceed to the cloture vote on t
can't we do just 7% for deficit reduction? i thought the deficit was so important. but maybe not when it comes to our friends protecting the interests of the big corporations and the rich. i thank the presiding officer, and i yield the floor. a senator: i suggest the absence of a quorum. the presiding officer: oh, now the clerk will call the roll. quorum call: quorum call: the presiding officer: mr. leader. mr. reid: i would ask unanimous consent that the quorum call be terminated. the...
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Mar 20, 2013
03/13
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our focus is on jobs and the jobs deficit as a way to tackle the budget deficit. with that, i'm pleased to yield three minutes to my colleague and friend from maryland, the distinguished whip, mr. hoyer. the chair: the gentleman is recognized for three minutes. without objection, so ordered. mr. hoyer: i first want to thank the ranking member for the work that he's done on this budget. that he offers us an alternative. it is a reasonable alternative that can be implemented. to that extent it's a stark difference to the majority's proposal which will not be implemented and they know it. let me start with an observation. headline blunt report says g.o.p. needs to regroup for 2016. in that there is this sentence from the report, not from a democrat, not from the newspaper, not from an editorial writer, quote, we have become expert, we being the republican party report, we have become expert in how to provide ideological reinforcement to like-minded people. with all due respect to my friend, mr. ryan, that's what his budget is. it is a vision. it is a vision that will
our focus is on jobs and the jobs deficit as a way to tackle the budget deficit. with that, i'm pleased to yield three minutes to my colleague and friend from maryland, the distinguished whip, mr. hoyer. the chair: the gentleman is recognized for three minutes. without objection, so ordered. mr. hoyer: i first want to thank the ranking member for the work that he's done on this budget. that he offers us an alternative. it is a reasonable alternative that can be implemented. to that extent it's...
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Mar 23, 2013
03/13
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and would do little to cut spending or the deficit. four democrats mark pryor of arkansas, kay haigen of north carolina, mark baggich of alaska and max bachus of montana all up for reelection in november joined senate republicans who voted against it. even though the margin was close senate leaders were praising colleagues for a job well done. >> i know everyone is exhausted. and you may not feel it at the moment but this is one of the senate's finest days in recent years and i commend everyone who has participated in this extraordinary debate. >> first of all, over the last two decades the average budget resolution considered 78 amendments. we have done 101. average vote 37 amendments we have done twice as many. doing this has been herculean feat. >> harris: next the senate must reconcile the budget with a plan passed by republicans. now, context showing how differently the plans would deal with the economy. the senate plan calls for $46.5 trillion in spending, nearly $5 trillion more than the house plan and more revenue an additional
and would do little to cut spending or the deficit. four democrats mark pryor of arkansas, kay haigen of north carolina, mark baggich of alaska and max bachus of montana all up for reelection in november joined senate republicans who voted against it. even though the margin was close senate leaders were praising colleagues for a job well done. >> i know everyone is exhausted. and you may not feel it at the moment but this is one of the senate's finest days in recent years and i commend...
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more problems than it is over in we think in cyprus the the there is a huge thoughtfully that is the deficit in the european union in detroit which is much greater than any physical barrier to the public to build a new country in the european so. i mean let's bring us out of the whole grassroots issue here because many people many people now face losing up to a fifth of their life savings how are the banks planning to restore their customers trust after something that some have called the biggest brout of theft in broad daylight. ok this is this is unprecedented cyprus lost twenty five percent of its g.d.p. almost two years ago when the it was the here a couple of the greek dead and there has been no compensation for that these ideas being discussed are implemented there will be another here over the cyprus g.d.p. which will be around forty percent it would be impossible i think to get out of such a mess most likely you know i find it very difficult for these to be viable even the various agreement even even the parliament. i find it extremely difficult for these to be viable. in the next fe
more problems than it is over in we think in cyprus the the there is a huge thoughtfully that is the deficit in the european union in detroit which is much greater than any physical barrier to the public to build a new country in the european so. i mean let's bring us out of the whole grassroots issue here because many people many people now face losing up to a fifth of their life savings how are the banks planning to restore their customers trust after something that some have called the...
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Mar 21, 2013
03/13
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when you're dealing with deficit reduction -- i just described how we got into a deficit situation. but when you're dealing with a deficit situation and you say we need to make sacrifices, it is absolutely appropriate and ask who is best able to make those sacrifices? and right now, as i think most americans know, the wealthiest people in this country are doing phenomenally well. large corporations are enjoying record-breaking profits. that's one group of people. meanwhile, the middle class of this country is disappearing, and we have 46 million people living in poverty. so common morality, basic morality says who do you ask most significant throeu help with deficit reduction? do you tell annoyed worker who is trug -- do you tell an unkphroeud -- do you tell an unemployed worker we're going to balance the budget on your back or do you say to a huge profitable corporation that in some cases is paying nothing in taxes, we're going to ask you to help us with deficit reduction? mr. president, it is important for us to do what we do too rarely on the floor of the senate: take a hard look
when you're dealing with deficit reduction -- i just described how we got into a deficit situation. but when you're dealing with a deficit situation and you say we need to make sacrifices, it is absolutely appropriate and ask who is best able to make those sacrifices? and right now, as i think most americans know, the wealthiest people in this country are doing phenomenally well. large corporations are enjoying record-breaking profits. that's one group of people. meanwhile, the middle class of...
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Mar 21, 2013
03/13
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we have a jobs deficit. we have a budget deficit. and these are the byproducts of a leadership deficit. we still have no budget from the president, in violation of the law. he gets his ncaa bracket in on time but still no budget. this is the fourth time in five years. he set a new record this year, two months with no plan, while we had trillion-dollar deficits and a debt crisis on the horizon. his party leaders, unfortunately, failing offering a serious account of our challenge. no serious plan to grow our economy or create jobs. no plan to ever balance the budget. take more. trillions of dollars more to spend more in washington. that's what got us in this mess in the first place. so what can be done? the good news is that we now have a vehicle for regular order. the democrats derailed the budget process each of the last few years and stopped governing when they stopped budgeting. at least we now have a budget process that's moving. we brought them back in the game this spring. that's a good thing. so what's going to happen in the we
we have a jobs deficit. we have a budget deficit. and these are the byproducts of a leadership deficit. we still have no budget from the president, in violation of the law. he gets his ncaa bracket in on time but still no budget. this is the fourth time in five years. he set a new record this year, two months with no plan, while we had trillion-dollar deficits and a debt crisis on the horizon. his party leaders, unfortunately, failing offering a serious account of our challenge. no serious plan...
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Mar 23, 2013
03/13
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we shouldn't run a deficit at least one that is as large now. i think it's precarious and for the senators, democratic senators running for reelection in red states. that is why you saw four democratic senators they are all representing states that barack obama lost. >> gregg: speaking of debt and deficits, president obama said recently the debt is not an immediate problem, but by huge margins, americans disagree. 68% of them disagree with the president on that. they also think he is wrong with b something else. spending. this is a fox news poll. they think his top priority should be cutting spending to reduce the deficit, not spend more, taxpayer dollars to create jobs. is that why president obama seemed to have dropped the campaign for spending realize he is pushing his job ratings down and in the process driving away potential voters? >> i think there has been a sense over the last month or so, as you point out poll numbers have gone down. white house is not going to make a big campaigns go across the country asking for tax increases but that
we shouldn't run a deficit at least one that is as large now. i think it's precarious and for the senators, democratic senators running for reelection in red states. that is why you saw four democratic senators they are all representing states that barack obama lost. >> gregg: speaking of debt and deficits, president obama said recently the debt is not an immediate problem, but by huge margins, americans disagree. 68% of them disagree with the president on that. they also think he is...
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Mar 19, 2013
03/13
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CNBC
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, given our lack of frugality and washington's inability to do anything intelligent with our budget deficit. so the logical default currency is gold. we had a lull in european problems, but thanks to a lack of regulation -- how else did cyprus get out of hand, especially if the same thing happened in iceland, the lull is over. i think this is one more reminder rich europeans will switch from keeping europe owes in banks to keeping gold in deposit boxes. if you have no exposure to gold, buy some now. sure, most europeans may keep their money in the bank. they live there, that's their life. but the wealthy are looking to pull out money over time and the big beneficiary will be gold. amazingly, the european regulators can't help themselves. their incredible incompetencies makes buying gold the easiest decision in the world. these idiots are the gift that climpgs the gold buy every time they take action and this latest action may be the best when it comes to pushing gold higher than maybe since the reign of the former european central banker chief jean, "the fraud" trichet. carfirmation. only h
, given our lack of frugality and washington's inability to do anything intelligent with our budget deficit. so the logical default currency is gold. we had a lull in european problems, but thanks to a lack of regulation -- how else did cyprus get out of hand, especially if the same thing happened in iceland, the lull is over. i think this is one more reminder rich europeans will switch from keeping europe owes in banks to keeping gold in deposit boxes. if you have no exposure to gold, buy some...
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Mar 19, 2013
03/13
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deficit and it will cut into the chinese surplus. and you ask the average economist for the last three or four years before the crisis, during the crisis, after the crisis, what's the global economic problem, number one, the answer probably isn't microimbalances. trade surplus in the u.s., trade surplus and china. what i didn't know is that still more than half of the u.s. deficit of goods and services is energy imports. >> and that's going to go away? >> as things are going, that might be going away. at the same time, china surplus will suffer from the tracing of independence of china. >> that's strong dollar weak yuan. becky. >> just an observation. >> first, tight oil, i haven't heard of this before. i know where the marcellus shale fields are. where is tight oil? is it in the same sort of locations? >> same. traditionally, coming out of gas yields because of this huge different between gas and oil prices. which went up from almost zero to more than a million barrels per day now within five years time. >> does cyprus have any oil?
deficit and it will cut into the chinese surplus. and you ask the average economist for the last three or four years before the crisis, during the crisis, after the crisis, what's the global economic problem, number one, the answer probably isn't microimbalances. trade surplus in the u.s., trade surplus and china. what i didn't know is that still more than half of the u.s. deficit of goods and services is energy imports. >> and that's going to go away? >> as things are going, that...
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Mar 21, 2013
03/13
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miami overcame a 27-point deficit. and heat streaked by the cavs. in that process, notching the 24th straight win in their belt. >>> in the first-round of the ncaa tournament number 2, 16 seed and james madison university won to advance to the second round which starts tomorrow with 16 games. they will play top seed indiana friday. good luck in that. >>> then to number 13 seeds lasalle defeated boise state. they advance to the second round to face kansas state. >>> president obama, by the way, he filled out his ncaa brackets. and he predicted that number one louisville will make it to final four. he also chose ohio state, florida and indiana to win it all. >>> nfl chicago bears could not agree on a new contract for eight time pro bowl linebacker brian urlacher so he becomes a free agent after 13 years. and ed reed left the super bowl champ baltimore ravens after 11 seasons and signed with the houston texans. >>> tiger woods says he and lindsay vonn went public about their relationship so the paparazzi couldn't make as much money from pictures they t
miami overcame a 27-point deficit. and heat streaked by the cavs. in that process, notching the 24th straight win in their belt. >>> in the first-round of the ncaa tournament number 2, 16 seed and james madison university won to advance to the second round which starts tomorrow with 16 games. they will play top seed indiana friday. good luck in that. >>> then to number 13 seeds lasalle defeated boise state. they advance to the second round to face kansas state. >>>...
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Mar 25, 2013
03/13
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the u.s., two to three years from now is going to go from deficit to surplus. we haven't had a surplus since 1975. secondly, global trade, global trade is actually very good for the u.s. because it grows the global economy. for instance, there's a new panama canal that is going to really bowler is it the south belt trade from china to other emerging markets. technology is always, we're looking in the technology, there is something called big beta. this is taking technology from cost controls to revenue enhancement. we coined our own pivot. per re, indsmeesh that, vietnam, oman and turkey. tracy: what worries you the most right now? >> europe. i'm very concerned that cyprus is not by itself a big deal but they keep changing the rules of the game and the financial system is very precarious right now in europe. the u.s. is fine. and i'm just wondering how long can europe, we're in the third, they're in the third recession in five years, how long can they not grow? all the debt forgiveness in the world without economic growth will be a long-term problem. ashley: as
the u.s., two to three years from now is going to go from deficit to surplus. we haven't had a surplus since 1975. secondly, global trade, global trade is actually very good for the u.s. because it grows the global economy. for instance, there's a new panama canal that is going to really bowler is it the south belt trade from china to other emerging markets. technology is always, we're looking in the technology, there is something called big beta. this is taking technology from cost controls to...
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Mar 21, 2013
03/13
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we have cut already huge amounts of money in deficit reduction. it's just not appropriate. all right. mr. president, that our military can't train and do the maintenance necessary, tieing it directly into the sequester. these men and women, our marines, were training here in hawthorne and with this sequester is going to cut this stuff back. now, beckel, please, he is he doing -- is he exploiting, is he making the sequester the issue in the training accident. >> let me say one thing to you. he may be exploiting it but, o'reilly, here is the difference. he did not say -- you read that thing. did he not say -- he said in the future this could be a similar situation could happen. >> bill: he didn't say the future. >> he did not link the two of these together. it's semantics. let's not waste the time. his timing was bad. his timing was terrible. >> bill: when the email come in i guarantee you it's going to be 100 to 1 against you on that issue. >> what else is new? >> bill: not going to have anything to do with politics. people hear what is said. >> i understand that. >> bill: t
we have cut already huge amounts of money in deficit reduction. it's just not appropriate. all right. mr. president, that our military can't train and do the maintenance necessary, tieing it directly into the sequester. these men and women, our marines, were training here in hawthorne and with this sequester is going to cut this stuff back. now, beckel, please, he is he doing -- is he exploiting, is he making the sequester the issue in the training accident. >> let me say one thing to...
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Mar 18, 2013
03/13
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they're not talking to me about the deficit. they want to know what we're doing as far as putting the american people to work. can you expound upon that for me please? ms. fudge: absolutely. i thank the gentlelady. what we have done in this budget, not only did we put in $13 billion for work force training, for job corps, for dislocated workers, retraining, segment training but in total we have almost $500 billion worth of job creation built into our budget. more than any budget, more than any budget, whether it be the democratic caucus, the white house budget or the republican budget. we have doubled down on jobs in the c.b.c. budget. ms. brown: thank you, madam chair. mr. horsford: continuing on, as the chairwoman of the c.b.c. just talked about, the congressional black caucus budget is an alternative budget for the fiscal year 2014. it puts forth a plan that reduces the deficit by $2.8 trillion over the next decade and creates millions of jobs through significant investments toward job creation that will accelerate our econom
they're not talking to me about the deficit. they want to know what we're doing as far as putting the american people to work. can you expound upon that for me please? ms. fudge: absolutely. i thank the gentlelady. what we have done in this budget, not only did we put in $13 billion for work force training, for job corps, for dislocated workers, retraining, segment training but in total we have almost $500 billion worth of job creation built into our budget. more than any budget, more than any...
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Mar 18, 2013
03/13
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second to the economy is the deficit. it goats back to the fundamental issue of moderation. this is the achilles' heel for the republican party. everything is just black and white. whereas most folks, most americans in the middle believe in moderation. whether we do our own taxes or finances, we sit down and figure out, how do we cut a little here, save alternates there, increase revenue? so the problem with the republican party is they're out of step how most of us work on a day-to-day basis. that's something that the president has been so good at reflecting in his bigger vision of deficit reduction and the economy as a bigger issue. >>> clarence, you still here boehner say no new ref, though the american people are saying new revenue. they're saying we don't have an immediate crisis, but we need immediate cuts. why are we cutting head start and other things immediately if there's no immediate problem. a new republican leaning poll, a republican-leaning poll says just 16% of americans said the deficit and the debt with their top concerns. 38% said it was the economy and job
second to the economy is the deficit. it goats back to the fundamental issue of moderation. this is the achilles' heel for the republican party. everything is just black and white. whereas most folks, most americans in the middle believe in moderation. whether we do our own taxes or finances, we sit down and figure out, how do we cut a little here, save alternates there, increase revenue? so the problem with the republican party is they're out of step how most of us work on a day-to-day basis....
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Mar 25, 2013
03/13
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KGO
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cyclones overcame a 13-point second half deficit. lucious ties the game. under 2:00 left. cyclones up one. similar play. clyburn makes the basket. call a foul. questionable call. now it's tied. buckeye aaron craft, for three, .02 remaining on the clock. are you kidding me? ohio state on to the sweet 16 to face arizona, 78-75 your final. >> number one indiana and temple. the only owl to show up. 31 of his team's 52. temple led by three until will sheehey ties. temple looked to regain the lead, but denied. 18 seconds left. indiana up one. oladipo ices it from downtown and the hoosiers move on, 58-52. >> cactus league action, as and dodgers. a's have six players vying for two infield spots, short and second base. former stanford stars make something noise, making it tough on bob melvin's final decision for starting infield. a future a right here. the afor mentioned stanford star, jed loughery, trying for one of this spats. griffin aloud two runs, struck out eight. a's explode with five in the third, capped off by a two-run bomb from norris, his fifth of the spring. the a's wi
cyclones overcame a 13-point second half deficit. lucious ties the game. under 2:00 left. cyclones up one. similar play. clyburn makes the basket. call a foul. questionable call. now it's tied. buckeye aaron craft, for three, .02 remaining on the clock. are you kidding me? ohio state on to the sweet 16 to face arizona, 78-75 your final. >> number one indiana and temple. the only owl to show up. 31 of his team's 52. temple led by three until will sheehey ties. temple looked to regain the...
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Mar 25, 2013
03/13
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. >> our budget plan reduces the deficit without raising taxes. >> the republican plan is the same baby with a new diaper. >> we know that until recently president obama and israeli prime minister netanyahu enjoyed what can be politely described as a somewhat strained relationship. on april 7 of last year, the "new york times" reported benjamin netanyahu and mitt romney enjoyed a warm relationship. almost one year later, the israelis have given obama a medal. they appear to be on the same page on iran. >> diplomacy and sanctions have not stopped iran's nuclear programs. diplomacy and sanctions must be augmented by a clear and credible threat of military action. >> we will do what is necessary to prevent iran from getting the world's worst weapons. >> will this story have a happy ending? >> this story will not have a happy ending. what we saw this week was barack obama at his best, connecting with an audience, and he made a compelling case for the need for a two-state solution, the security of israel and the well- being of the region. >> charles? >> the emphasis has been on personality.
. >> our budget plan reduces the deficit without raising taxes. >> the republican plan is the same baby with a new diaper. >> we know that until recently president obama and israeli prime minister netanyahu enjoyed what can be politely described as a somewhat strained relationship. on april 7 of last year, the "new york times" reported benjamin netanyahu and mitt romney enjoyed a warm relationship. almost one year later, the israelis have given obama a medal. they...
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Mar 21, 2013
03/13
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we have reduced the deficit. the only intelligent way to measure deficit is as a percent of the economy. . percent of gdp that is for a simple reason. if you owe $10,000 on your credit card, is that urban some or not? it depends. if your salary is $30,000, 10 thousand dollars is a lot of money. if you are $3 million a year, $10,000 is not a lot of money. we have reduced the debt as a from 10.1%.f gdp it was 10% in 2009. it is now 5.3%. we have cut it in half. the fastest reduction in the deficit since the immobilization after world war ii, it is an inhibiting growth and the economy. i will vote against the sequester. i think we have done what we need to do with debt. we have the deficit down to a managing level. it will continue to come down. the caucus budget will bring it down further. right now, our crisis is jobs. we still have an eight -- we still have a 8% unemployment rate. if we got the people back to work, and our budget will create amillion jobs, if you have five percent unemployment rate by doing nothi
we have reduced the deficit. the only intelligent way to measure deficit is as a percent of the economy. . percent of gdp that is for a simple reason. if you owe $10,000 on your credit card, is that urban some or not? it depends. if your salary is $30,000, 10 thousand dollars is a lot of money. if you are $3 million a year, $10,000 is not a lot of money. we have reduced the debt as a from 10.1%.f gdp it was 10% in 2009. it is now 5.3%. we have cut it in half. the fastest reduction in the...
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Mar 26, 2013
03/13
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which i think are much more prevalent today in zero interest rate environment with record debts, record deficits, record policy intervention, currency devaluation. japan says it will have a 2%, 2% target for inflation. the currency deappreciates 15% in three weeks. david: the problem you do have carrying charges. you can't keep these things in your pocket. so there is that to add into it as well. steven feldman, founder and partner gbi. >> thanks very much. david: you may have heard of the new medical device tax in obamacare but did you know it may affect the medical apps docs use on their mobile devices? could that have a negative effect on one of the most innovative new elements of health care? not many saw this coming but our next guest did and he is fighting it tooth and nail. liz: the headline numbers seem to paint a pretty picture with many saying the housing market is back but is wall street optimism felt with businesses related to the housing industry on main street? we're talking with three business leaders who are knee deep in the industry. they will paint us a real picture of the hous
which i think are much more prevalent today in zero interest rate environment with record debts, record deficits, record policy intervention, currency devaluation. japan says it will have a 2%, 2% target for inflation. the currency deappreciates 15% in three weeks. david: the problem you do have carrying charges. you can't keep these things in your pocket. so there is that to add into it as well. steven feldman, founder and partner gbi. >> thanks very much. david: you may have heard of...
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Mar 19, 2013
03/13
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the budget presented by the deficit majority makes no effort to reduce deficits, reduce spending, balance the budget or grow the economy. instead, this budget seeks to grow government by taxing more and spending more. it's time that we all recognize that government exists to serve the needs of the people rather than people serving the needs of their government. there are some who believe that government is the only creator of economic prosperity, and if others have achieved success, they must be by default the cause of others' hardships. this type of glass warfare, demagoguery as it is, is harmful to america and our future. it seeks and does divide america. the budget presented by the deficit majority is partisan business as usual. it will tax success by adding another trillion dollars. it increases government spending, it ignores the subject of our health care entitlements, and this whole approach is simply not good for advancing america's economy. it places no priority on ever bringing our budget into balance the deficit majority speaks at length about growing the economy and creating a
the budget presented by the deficit majority makes no effort to reduce deficits, reduce spending, balance the budget or grow the economy. instead, this budget seeks to grow government by taxing more and spending more. it's time that we all recognize that government exists to serve the needs of the people rather than people serving the needs of their government. there are some who believe that government is the only creator of economic prosperity, and if others have achieved success, they must...
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Mar 25, 2013
03/13
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our deficits are so high. >> neil: you're assuming the euro goes away. >> who knows by the way. i it only takes one, when the south seceded from the north -- >> neil: get out of this club. no one gets higher ratings from young viewers or makes us a much buck -- i'm talking how it is that jay leno's boss wants him out. a lesson on corporate snakes that is all too well known. >> you know the hollen general of st. patrick, right? drove all the snakes out of ireland and then they came into the united states and became nbc executives. it's a fascinating story. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ the longest 4g lte battery in a razr thin profile. with 32 hours of battery life that turns an
our deficits are so high. >> neil: you're assuming the euro goes away. >> who knows by the way. i it only takes one, when the south seceded from the north -- >> neil: get out of this club. no one gets higher ratings from young viewers or makes us a much buck -- i'm talking how it is that jay leno's boss wants him out. a lesson on corporate snakes that is all too well known. >> you know the hollen general of st. patrick, right? drove all the snakes out of ireland and then...
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Mar 18, 2013
03/13
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obama is out there saying i'm cutting the deficit. we need to get angry because the american people are angry and obama is lying to you. we need to make that very, very clear. that's right! \[applause] >> the white house belongs to the conservative and anger is not what it takes. it takes an understanding of who obama is and what he is up to. what he is up to he does very well. hen wants to take this -- he wants to take this country to a state of socialism, which has not been achieved but it came close during the nixon administration. obama is doing what he thinks is good for america. all of us know that every time that has been tried the opposite has happened. people become poorer. except for the few elite at the top who run the political system. obama is doing a good job of trying to achieve socialism in america. the task of conservatives is to do a better job of explaining why socialism doesn't work and why free markets do work. without using the cord compassion but explaining why compassion is capitalism. >> it has to be done on a
obama is out there saying i'm cutting the deficit. we need to get angry because the american people are angry and obama is lying to you. we need to make that very, very clear. that's right! \[applause] >> the white house belongs to the conservative and anger is not what it takes. it takes an understanding of who obama is and what he is up to. what he is up to he does very well. hen wants to take this -- he wants to take this country to a state of socialism, which has not been achieved but...
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Mar 25, 2013
03/13
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FBC
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he may now must solve the long-term debt and recovered the budget deficit. detroit is the largest u.s. city ever put under state control. those are your headlines. i am lauren reed. back to connell. connell: a move lower in stocks. we have noticed some of the french banks. they are all down. dagen: a snowstorm that dumped as much as 2 feet in the northwest. connell: i would rather be over in cyprus. >> good morning. we are tracking it again. parts of illinois being hit with as much as 15 inches of snow. it is as far west as parts of indiana. the highest snowfall totals should be a foot of snow. we do have winter storm warnings in effect. it is because of the wind and snowfall amounts. we actually have been seeing some delays. they are about an hour or so. you could see four-6 inches of snow out here. the central appellations and most of these warnings should expire by tomorrow. that is what we think the storm system will pull out of the northeast leaving behind some quieter conditions. connell: that sounds, well, all right. dagen: tom kloza is coming up with
he may now must solve the long-term debt and recovered the budget deficit. detroit is the largest u.s. city ever put under state control. those are your headlines. i am lauren reed. back to connell. connell: a move lower in stocks. we have noticed some of the french banks. they are all down. dagen: a snowstorm that dumped as much as 2 feet in the northwest. connell: i would rather be over in cyprus. >> good morning. we are tracking it again. parts of illinois being hit with as much as 15...
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Mar 19, 2013
03/13
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guest: debt and deficit. i voted against the solution for the fiscal cliff because the headlines would say the fiscal cliff is avoided, and there were three elements. we did not avoid any of them. we raise taxes on every american. we put sequestration down the road and we did zero on deficit problems. we are facing total economic chaos if we are not careful. host: republican caller. pennsylvania. caller: in response to the fiscal cliff, i find him very -- i do not know, i do not believe what he is saying. he is talking about a fiscal cliff, but you want us to accept the people here illegally and give them something they have not earned. i do not understand what republicans are doing. i am a conservative. i do not want amnesty. i do not want them here. host: you might have missed what the congressman said earlier. i will let him respond. guest: what she is saying is she does not want amnesty, and under president bush he had a strong amnesty plan and i said i would not back it. total amnesty like the one presid
guest: debt and deficit. i voted against the solution for the fiscal cliff because the headlines would say the fiscal cliff is avoided, and there were three elements. we did not avoid any of them. we raise taxes on every american. we put sequestration down the road and we did zero on deficit problems. we are facing total economic chaos if we are not careful. host: republican caller. pennsylvania. caller: in response to the fiscal cliff, i find him very -- i do not know, i do not believe what he...
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Mar 18, 2013
03/13
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you need on the one hand to deal with as you well know budget deficits and debt. and on the other hand you need to keep growth going. here's an interesting thing i saw over the weekend just briefly. the recession in greece which is actually a depression, if you line it up against the u.s. great depression in 1929, it looks a lot a like in terms of how much unemployment there is, how much the economy has contracted. greece is having our great depression of the late 1920s. >> wow. >> all right. moving on to washington now. >> a lot nicer setting. >> president obama's renewed push for a grand bargain may be showing some early signs of paying off, at least with one top republican. senator bob corker of tennessee says he could envision raising tax revenue if democrats embrace big changes to medicare and social security. corker's position on sunday puts him at odds with other members of his party, including house speaker john boehner who's ruling out the prospect of any new taxes. >> i think there, by the way, is a chance on a deal. i know the president is saying the ri
you need on the one hand to deal with as you well know budget deficits and debt. and on the other hand you need to keep growth going. here's an interesting thing i saw over the weekend just briefly. the recession in greece which is actually a depression, if you line it up against the u.s. great depression in 1929, it looks a lot a like in terms of how much unemployment there is, how much the economy has contracted. greece is having our great depression of the late 1920s. >> wow. >>...
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Mar 18, 2013
03/13
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our chief washington correspondent john harwood has the latest on the possible deficit reduction deal. hi, john. >> it's an interesting blend of confrontation and cooperation. call it a controlled battle because you've got the u.s. senate today taking up a bill to avert a government shutdown by sustaining government funding beyond march 27th. the house has already passed the bill. there are differences between the two chambers and the two parties on what they want to do to the effects of the the bill. it smoothed out some things. made it easier for the pentagon to adjust. the senate has other departments which it's trying to help. still some disagreements there. but they expect to be worked out by the end of the week. at the same time, there's a huge gap between the two long-term budget plans that the two parties are pushing. and john boehner over the weekend said, we're done with tax increases. he was repeating that position. the house white house responded, the senior adviser, saying no deal is possible as long as john boehner is in that place. so that's where we are, sue. you've go
our chief washington correspondent john harwood has the latest on the possible deficit reduction deal. hi, john. >> it's an interesting blend of confrontation and cooperation. call it a controlled battle because you've got the u.s. senate today taking up a bill to avert a government shutdown by sustaining government funding beyond march 27th. the house has already passed the bill. there are differences between the two chambers and the two parties on what they want to do to the effects of...
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Mar 22, 2013
03/13
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as the city copes with a billion dollar budget deficit. for students in detroit problems with the education system are being magnified by that community's economic troubles. if you look statewide a quarter of michigan children under 17 were living in poverty in 2011. compare that to detroit where the number is more than twice that much. it is 57%, folks. nearly two in three detroit children 5 and under are below the poverty line. msnbc's correspondent joins us live from detroit where she'll cohost a summit on education today and a student town hall tomorrow. those numbers are frightening and daunting. >> they really are startling numbers. i've got my notebook with me because i'm going to school today, chris. it has a lot of people worried and concerned and working to change the dynamics of those numbers. that's what we'll be talking about here. many people are also concerned about the fact, the elephant in the room we can't dismiss that come monday the city of detroit will be under the auspices of an emergency financial manager. people sho
as the city copes with a billion dollar budget deficit. for students in detroit problems with the education system are being magnified by that community's economic troubles. if you look statewide a quarter of michigan children under 17 were living in poverty in 2011. compare that to detroit where the number is more than twice that much. it is 57%, folks. nearly two in three detroit children 5 and under are below the poverty line. msnbc's correspondent joins us live from detroit where she'll...
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Mar 22, 2013
03/13
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CNBC
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you know, the best way we can deal with our debt and deficit long term is to grow the economy and that's what this budget does. it recognizes we need to invest long term. we need to cut spending and it does that. it does not do that. >> we need to invest long term. >> senator, with all due respect and i month your point of view may i just add after $650 billion tax hike already this year you raising taxes at least another trillion, i don't know how that is pro growth. regarding the sequester, i can understand making some changes to the sequester with regard to the management of the subaccounts particular in the defense department but you're not doing that. you're spending most of that money. associated press reports often years there may be a couple hundred billion dollars of spending cuts but the sequester was 1.2 trillion. you are in effect raising spending and raises taxes are you not? >> the budget closes a lot of corporate loopholes where we've been paying for people who go overseas and create jobs rather than paying to create jobs here at home. i don't think that's what we ought to
you know, the best way we can deal with our debt and deficit long term is to grow the economy and that's what this budget does. it recognizes we need to invest long term. we need to cut spending and it does that. it does not do that. >> we need to invest long term. >> senator, with all due respect and i month your point of view may i just add after $650 billion tax hike already this year you raising taxes at least another trillion, i don't know how that is pro growth. regarding the...
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Mar 26, 2013
03/13
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stealthy way, it happened in the past just hike in cyprus, with america going into an ever-increasing deficits and spiraling debt and at some point that has to come to an end. if they don't do it by stealing it by inflation, they'll have to do what they did in cyprus, which is just to take it. charles: that's the part that i think scares a lot of people. you made great points and argue that obamacare makes us spend money we don't want to spend and estate tax confiscates money that's already been taxed. and the idea that they can go this weekend, i've got 2 grand in the bank and on monday morning, maybe it's 1600, that's scaring people because something like that, that scenario, could that play out? >> well, europe has said it couldn't happen and now it says it can happen and is happening and it's suggested that it could happen in the future. people have to understand that when the economies break down, anything can happen to their money and their money is not totally safe. it doesn't matter where you are, if countries go broke, your money is not safe and america is heading towards going broke
stealthy way, it happened in the past just hike in cyprus, with america going into an ever-increasing deficits and spiraling debt and at some point that has to come to an end. if they don't do it by stealing it by inflation, they'll have to do what they did in cyprus, which is just to take it. charles: that's the part that i think scares a lot of people. you made great points and argue that obamacare makes us spend money we don't want to spend and estate tax confiscates money that's already...
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Mar 19, 2013
03/13
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too much deficit reduction, 16%. slow job growth, 12%. too little deficit reduction, 10%. guys, these are more normal problems, i would say, than we've had in the past. the european financial crisis, u.s. financial crisis. sue, i would take a victory, yes, there are problems out there. >> i totally agree with you. it's the first time in a long time we haven't seen europe on a list like that. >> thank you, steve. >> absolutely. thanks, steve. >> sure. >> the markets here are a little lower, not all that much, though, given what we've had in headline risk this morning. dow jones industrial is down 38 points and s&p is off about 9. bob pisani is here to tell us what is going on. there's a lot of headline risk in the market today. >> and we're back moving on europe now. >> exactly. given 38 to the downside is not that bad. >> even europe is not reacting that much. let me show you the euro. everyone goes crazy talking about the euro. perhaps the finance minister may be resigning, we're trying to confirm that for sure. that's what we've been hearing. and on words that the govern
too much deficit reduction, 16%. slow job growth, 12%. too little deficit reduction, 10%. guys, these are more normal problems, i would say, than we've had in the past. the european financial crisis, u.s. financial crisis. sue, i would take a victory, yes, there are problems out there. >> i totally agree with you. it's the first time in a long time we haven't seen europe on a list like that. >> thank you, steve. >> absolutely. thanks, steve. >> sure. >> the markets...
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Mar 22, 2013
03/13
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you want to call it, and $100 billion in stimulus spending in a budget you're trying to reduce the deficit. bill: i look forward to your show. >> exclusion sieve interview with rand paul irths he is living a quiet life these days. >> that's right. he is very much on the back burner. bill: thank you, chris. see you sunday morning. check out rand paul on sunday. heather. heather: the senate is expected to pick up the debate on the budget proposal from senator patty murray this week. it is due april 1st. it is almost four years, 1423 days, to be exact in case you're counting, since the senate last passed a budget resolution. that wasn't even a real budget. just a guideline. bill: you wonder, the point chris is making about senator corker, he says if the president goes out and sells it and give democrats cover when it comes to the enlightment idea perhaps he brings the two sides together. but as they stand right now they are miles apart. heather: miles apart. bill: three years since the president's controversial health care law was signed into law. and remember this. >> we have to pass the bil
you want to call it, and $100 billion in stimulus spending in a budget you're trying to reduce the deficit. bill: i look forward to your show. >> exclusion sieve interview with rand paul irths he is living a quiet life these days. >> that's right. he is very much on the back burner. bill: thank you, chris. see you sunday morning. check out rand paul on sunday. heather. heather: the senate is expected to pick up the debate on the budget proposal from senator patty murray this week....